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Castings swings to a loss as output collapses

The group is heavily dependent on the commercial vehicle sector, which has seen considerable disruption due to Covid-19
Castings swings to a loss as output collapses
  • Output plunged by 80 per cent in April and May, pushing the group into a pre-tax loss.
  • Despite the pandemic disruption, net cash has increased and shareholders are being handed a higher dividend.
IC TIP: Sell at 330p

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